Funding agreement clears way for construction of Anchorage Gateway Build-to-Rent community in Manchester
Developer Cole Waterhouse has agreed a funding package with Octopus Real Estate to acquire the 0.5-hectare Anchorage Gateway site in Manchester, clearing the way for construction of the major, environmentally sustainable residential scheme, which will deliver 290 new apartments in Salford Quays.
Located on the corner of The Quay and Anchorage Quay, the 23,285m², 29-storey building, designed by Chapman Taylor, has already received full planning approval from Salford City Council.
The building will deliver 290 one, two and three-bedroom apartments across 27 levels above the ground and mezzanine floors. The design also creates 372m² of commercial space, two shared residential landscaped terraces on both the mezzanine and level 19, a feature ground floor staircase and rooftop penthouse apartments that have extensive private terraces.
The regular, elegant form of the plan steps in its massing at the 20th storey, with the slimmer plane extending to the top. Each building "blade" is topped by an architectural “crown”, within which external terraces will provide pleasant outdoor spaces for the warmer months, including a residents’ rooftop garden with dramatic views over Salford Quays and the Manchester skyline.
The L-shaped building footprint maximises the opportunity for active street frontage, helping to foster a vibrant scene at street level. This will help improve the pedestrian experience of the site, which is used by workers, residents and visitors due to the nearby Metrolink tram stop. The development also provides cycle storage facilities and a convenience store for the benefit of Anchorage Gateway residents and people from the wider area.
As part of its commitment to the area, Cole Waterhouse will pay a total of £1.3m towards local projects, including improvements to Ordsall Park, Monmouth Park and Montford Street Park and access or infrastructure works at Weaste Cemetery. Funds are also earmarked for improvement works within Salford Quays/Broadway and/or Irwell River Park, while the applicants will also be funding a residents-only parking permit scheme along designated streets north of Broadway.
The delivery team includes WSP|Indigo Planning, structural engineers Renaissance, M&E contractors Novo, landscape architects Exterior Architecture and project managers/quantity surveyors Henry Riley, with legal advice from Ward Hadaway.
Speaking about the project’s progress, Damian Flood, CEO at Cole Waterhouse, commented:
“Having purchased the Anchorage Gateway site we can now press ahead with the demolition. The development of the site forms a key part of the area’s wider regeneration programme. Located close to the tram stop at the entrance to Salford Quays, the scheme occupies a prominent position and when completed in 2023 will provide exceptional living space for the BTR market in an area that is highly sought after.”
Michael Swiszczowski, Chapman Taylor Director, added:
“Anchorage Gateway will host a dynamic and well-supported Build-to-Rent community, providing much-needed, high-quality residential and amenity space in a landmark building which will be an elegant addition to Manchester's rapidly evolving skyline. We are delighted that the Anchorage Gateway site has now been purchased and that the project is another step closer to our design being realised on site in the near future.”
Anchorage Gateway is the latest development in Chapman Taylor's growing residential portfolio across the UK, which has seen several schemes already handed over and fully occupied. We also have thousands more homes under construction, with many more in the pipeline.